14.11. Sooners Fruit Farm employs 20 full-time employees. For the week ending August 5, the gross pay
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14.11. Sooners Fruit Farm employs 20 full-time employees. For the week ending August 5, the gross pay was $14,774, and of that, $12,227 was subject to unemployment insurance tax. Present the journal entry to record the employer's payroll tax expense. Assume a state unemployment rate of 3.3 percent and a federal rate of 0.8 percent.
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Related Book For
Schaums Outline Of Principles Of Accounting I
ISBN: 978-0070381490
5th Edition
Authors: Joel Lerner ,James Cashin
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